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Ede4ka [16]
3 years ago
14

In the BIG BUCKS LOTTERY, the chance of winning a $10 prize is 1%. What is your best guess about how many people would win a $10

prize if 1000 people each buy a single ticket to BIG BUCKS?
Business
2 answers:
3241004551 [841]3 years ago
5 0

Answer:

The correct answer would be, 10 Persons.

Explanation:

If there are 1000 people in the Big Bucks lottery and there is a 1 percent chance of winning 10 dollars prize if all 1000 people buy the lottery ticket of 10 dollars. If every person buys 10 dollar lottery ticket, then the chances of winning people would be calculated as follows:

Total number of People = 1000

Chances of winning the lottery = 1%

So How many people would win 10 dollar lottery = 1000 * 1%

= 1000 * 0.01

= 10 People.

So there are chances that 10 out of 1000 people will win the lottery.

slava [35]3 years ago
4 0

Is known :

C = 1%

n = 1000

Settlement:

Ef = C (a) x n

Ef = 0.01 x 1000

Ef = 10

So out of 1000 people who have a chance to get $ 10 there are only <em><u>10 people. </u></em>

<h2>Further explanation </h2>

Definition of Opportunity

Opportunity can be interpreted as a way that is done to determine the likelihood of an event. in a problem, there must be uncertainty caused by an action that sometimes has other results.

Suppose it happens to a coin that is tossed up then the result can appear on the side of the image or the number side, then the side that will appear cannot be said with certainty the truth.

As a result of the event of throwing a coin, there is one of two events that are likely to occur, namely the appearance of the figure or figure. The activity of tossing a coin can be said as a random act. The action can be repeated several times and the sequence of actions is called an experiment.

<em>There are several kinds of calculations in the opportunity value, including the following: </em>

1. Frequency of Expectations

2. Compounding Events

The expected frequency is the number of times in an experiment multiplied by the chance of an event. So the expected frequency is to calculate how many opportunities for an event by repeatedly experimenting, or it can also be called an experimental test.

Expectation Frequency Formula

Ef = C (a) x n

information :

Ef = Expected Frequency

C = Chance

a = Event a (only symbol of an event)

n = The number of experiments

Learn more

Opportunity value brainly.com/question/6660846, brainly.com/question/3161340

Details

Class: College

Subject: Bussines

Keyword: Opportunity value

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_____ _____ includes employee behaviors that are directly involved in the transformation
Bingel [31]

Answer:

Task performance

routine

adaptive

creative task

Explanation:

Task performance

This is a performance assessment system that measures the way and manner a specific task was carried out. This can cover observable work-related behavioral pattern or time and accuracy of task

Routine Task performance

This is a performance assessment technique that involves popular attitude to normal demands or routine.

Adaptive Task performance

This deals with employees behavior towards certain, predictable and unusual job.

Creative Task Performance

This is the development of a useful ideas that can be deployed in both routine and adaptive task.

4 0
3 years ago
You bought a share of 6.6 percent preferred stock for $97.68 last year. The market price for your stock is now $102.42. What is
Angelina_Jolie [31]

Answer:

The aggregate return for the last year is 11.61%

Explanation:

The return on any asset is the increase in price, in addition to any dividends or the cash flows, which is divided by the initial price. Since, the preferred stock is assumed to have a $100 par value of, the dividend amounts to $6.60, therefore, the return for the year would be:

Return (R) = (Market Price - Stock Price + Dividend) / Stock Price

R = ($102.42 - $97.68 + $6.60) / $97.68

R = .1161, or 11.61%

6 0
3 years ago
Which of the following statements is correct?
Marina CMI [18]

Answer:

Free cash flow (FCF) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. (A)

Explanation:

Option A- This statement is true.

Option B- This is false. After-tax operating Income is calculated as Operating profit less interest less Depreciation and less tax

Option C-This is false. They will have the same operating incomes. Operating income is calculated as Sales less operating cost.

Option D- False.

Option E- False.

8 0
3 years ago
Marcus can afford a monthly mortgage payment of $900. If he is eligible for a 30-year, 5% mortgage (where the mortgage factor is
tigry1 [53]

Answer:

option (c)  $167,597.77

Explanation:

Data provided in the question:

Monthly mortgage payment = $900

Duration of loan, n = 30 years = 360 months

Interest rate = 5%

Monthly rate of interest = 5% ÷ 12 = 0.4167% = 0.004167

Now,

Mortgage loan can he afford

= Monthly mortgage payment × [ (1 - ((1 + r)ⁿ)⁻¹ ) ÷ r ]

= $900 × [ (1 - ((1 + 0.004167)³⁶⁰)⁻¹ ) ÷ 0.05 ]

= $167,597.77

Hence,

The answer is option (c)  $167,597.77

7 0
3 years ago
Sewtfi861 Corporation makes an extra large part to use in one its fabulous products. A total of 16,000 units of this extra large
LenKa [72]

Answer:

The annual financial disadvantage is $62,560

Explanation:

<u>Analysis of the Costs of Producing Internally and Buying from External Supplier.</u>

                                                    Producing Internally       External Supplier

Direct materials                                      $3.50                                  $0

Direct labor                                             $8.10                                   $0

Variable manufacturing overhead        $8.60                                  $0

Supervisor's salary                                 $4.00                                  $0

Depreciation of special equipment       $2.40                                  $0

Allocated general overhead                  $7.60                               $7.60

Extra contribution                                     $0                                  ($2.19)

Purchases Cost                                        $0                                   $32.70

Product Cost                                          $34.20                              $38.11

<u>Conclusion :</u>

We can see that the Product Cost to produce the part internally costs $3.91 less than the cost to purchase from external supplier. Therefore Sewtfi861 Corp has a disadvantage.

Annual disadvantage =  16,000 units × $3.91

                                    =  $62,560

6 0
3 years ago
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